PRESENTATION OF FINANCIAL FIGURES FOR FISCAL YEAR 2007 · 2015. 3. 6. · KATHIMERINI S.A. –...

KATHIMERINI S.A. PUBLICATIONS – MASS MEDIA

PRESENTATION PRESENTATION OF FINANCIAL FIGURES OF FINANCIAL FIGURES FOR FISCAL YEAR FOR FISCAL YEAR 20020077

MAYMAY 20020088

22

DISCLAIMERDISCLAIMER

TheThe company created this presentation with the company created this presentation with the aim to inform customers and shareholdersaim to inform customers and shareholders. . This presentation serves only informative purposes This presentation serves only informative purposes and it does not suggest shareholders to buy, sell or and it does not suggest shareholders to buy, sell or maintain shares of the companymaintain shares of the company.. Investors should Investors should decide upon their investments based on their own decide upon their investments based on their own investing preferences, financial status and advice investing preferences, financial status and advice from those registered investment advisors, who from those registered investment advisors, who they consider appropriate.they consider appropriate.Any reproduction, use or distribution of this Any reproduction, use or distribution of this product, without the written approval of the product, without the written approval of the company is strictly forbiddencompany is strictly forbidden..

33

KATHIMERINIKATHIMERINI S.A.S.A. –– BRIEF PRESENTATION BRIEF PRESENTATION

The company was founded in 1988.The company is listed on the Athens Stock Exchange since 2000 under the code name KATHI.The company issues the newspaper ‘I KATHIMERINI’.The newspaper holds the first place regarding circulation in the morning press with 33.500 issues and the third place in the Sunday press with more than 176.840 issues sold.Parent company occupies 449 employees and the group occupies 566 employeesThe company participates in the following companies:- ARGONAFTIS E.E.P.N. (holds 100%)This participation regarded an investment of 23,7 million dollars at year 2002. Until 31.12.2007 it has produced dividends of 36,3 million dollars. The company today owns the tank ship ‘OCEANIS’. Its cash at hand come up to 48 million Euros, which derived from the goodwill of the three sold ships.

44


- Ι.Η.Τ. – KATHIMERINI S.A. (holds 50%)The company issues IHT and the English edition of ‘KATHIMERINI’. - MELODIA S.A. (holds 100%)The company owns the Radio Station MELODIA 99.2 FM- ATE ERGON S.A. (holds 100%) The company owns the building in Neo Faliro, total surface of 9.000 m2 where all the companies are located.- ENTYPES & DIKTYAKES EKDOSEIS S.A. (holds 100%)The company is responsible for periodical publications and for the site of the newspaper.- EXEREVNITIS – EXPLORER S.A. (holds 82,65%)The company’s activity sector is publications.

55


- MAISON EKDOTIKI S.A. (holds 50%)The company issues ‘MAISON DECORATION’ magazine, which is published as an insert with the Sunday edition of ‘KATHIMERINI’.- EUROPE S.Α. (holds 21%)It is the distribution agency of the daily and periodical press.- KATASTIMATA TYPOU IN THE A.I.A. (holds 25%)The company owns the ‘Press Point’ bookstores in the Athens International Airport.- APOSTOLI S.A. (holds 20%)The company is activated in the distribution sector.- ARKTOS EKDOTIKI LTD (holds 30%)The company issues the magazine ‘ELLINIKO PANORAMA’.

88

FINANCIAL FIGURESFINANCIAL FIGURES

Amounts in million € 2007 2006 Variation

Sales 133,46 106,00 25,9%

Gross profit 46,70 32,70 42,8%

Gross margin 34,99% 30,85% 13,4%

Profits before tax, borrowings, investments and depreciation results 11,7 7,12 64,3%

Profits before tax, borrowings and investment results 6,43 2,14 200,5%

Profit before taxes 8,94 6,06 47,5%

Taxes -1,14 -0,56 103,6%

Profit after taxes 7,80 5,50 41,8%

Profit per share 0,45 0,33 36,4%

THE GROUP

99


Amounts in million € 2007 2006 Variation

Sales 117,78 92,35 27,5%

Gross profit 40,58 28,11 44,4%

Gross margin 34,45% 30,44% 13,2%

Profits before tax, borrowings, investments and depreciation results 7,74 4,7 64,7%

Profits before tax, borrowings and investment results 5,02 2,11 137,9%

Profit before taxes 7,57 4,83 56,7%

Taxes -0,85 -0,38 123,7%

Profit after taxes 6,72 4,45 51,0%

Profit per share 0,40 0,26 53,8%

THE COMPANY

1010


Group Sales

133,46

106,00

0

20

40

60

80

100

120

140

160

2007 2006

Group Gross Profit

46,70

32,70

0

5

10

15

20

25

30

35

40

45

50

2007 2006

Group Gross Margin

34,99%

30,85%

28%

29%

30%

31%

32%

33%

34%

35%

36%

2007 2006

Company Sales

117,78

92,35

0

20

40

60

80

100

120

140

2007 2006

Company Gross Profit

40,58

28,11

0

5

10

15

20

25

30

35

40

45

2007 2006

Company Gross Margin

34,45%

30,44%

28%

29%

30%

31%

32%

33%

34%

35%

2007 2006

1111

FINANCIAL FIGURESFINANCIAL FIGURESGroup EBITDA

11,7

7,12

5

6

7

8

9

10

11

12

2007 2006

Group EBIT

6,43

2,14

0

1

2

3

4

5

6

7

2007 2006

Group profits after taxes

7,80

5,50

0

1

2

3

4

5

6

7

8

9

2007 2006

Company EBITDA

7,74

4,7

0

1

2

3

4

5

6

7

8

9

2007 2006

Company EBIT

5,02

2,11

0

1

2

3

4

5

6

2007 2006

Company profits after taxes

6,72

4,45

0

2

4

6

8

2007 2006

Dividends from a subsidiary company amounting to 3 million Euros are included in the profits of both years 2007 and 2006.

1212

EQUITYEQUITY & & LIABILITIESLIABILITIES

Total Company Equity

99,86

98,25

97

98

99

100

2007 2006

Total Group Equity

145,84 146,59

136

140

144

148

152

156

160

2007 2006

Group's Financial Structure

71,41%

74,99%

9,04%

10,05%

19,55%

14,95%

2007

2006

Total EquityTotal Long-term Liabilities

Total Short-term Liabilities

Company's Financial Structure

66,47%

70,44%

11,76%

13,58%

21,77%

15,99%

2007

2006

Total EquityTotal Long-term LiabilitiesTotal Short-term Liabilities

1313

TURNOVERTURNOVER -- ANALYSISANALYSIS

Group Sales Analysis

70,14

34,31

17,18

2,88 6,17 2,79

133,46

65,76

10,3419,83

2,93 5,00 2,14

106,01

0

20

40

60

80

100

120

140

160

Profit frompublishing

newspapers

Books - offer Profit fromprinting

Radio activitites Shippingtransports

Other profit Total sales

2007

2006

1414


Group Sales Structure 2007

Profit from printing13%

Other profit2%

Shipping transports5%

Profit from publishing

new spapers52%

Radio activitites2%

Books - offer26%

Group Sales Structure 2006

Books - offer10%

Radio activitites3%


new spapers61%

Shipping transports5%

Other profit2%

Profit f rom printing19%

1515


Company Sales Analysis

63,98

33,46

19,42

0,93

117,78

60,53

9,4821,48

0,86

92,35

0

20

40

60

80

100

120

140

Profit frompublishing

newspapers

Profit from booksoffers

Profit fromprinting

Other profit Total sales

2007

2006

1616


Company Sales Structure 2007

Profit from printing16%


new spapers55%

Other profit1%

Profit f rom books offers28%

Company Sales Structure 2006

Profit from books offers10%

Other profit1%

Profit f rom publishing

new spapers66%

Profit f rom printing23%

1717

NEWSPAPER CIRCULATIONNEWSPAPER CIRCULATION

NewspaperAthens Pireaus % Provinces %

Total of Greece %

KATHIMERINI 21.003 58,88% 12.445 49,86% 33.448 55,17%TO VIMA 7.956 22,30% 7.055 28,26% 15.011 24,76%RIZOSPASTIS 3.500 9,81% 3.107 12,45% 6.607 10,90%TRAFFIC NEWSPAPER 1.377 3,86% 1.777 7,12% 3.154 5,20%I AVGI 1.198 3,36% 512 2,05% 1.710 2,82%I NIKI TIS DIMOKRATIAS 336 0,94% 40 0,16% 376 0,62%O LOGOS 300 0,84% 25 0,10% 325 0,54%TOTAL 35.670 100% 24.961 100% 60.631 100,00%


Total of Greece %

KATHIMERINI 22.978 57,87% 15.094 52,69% 38.072 55,70%TO VIMA 9.498 23,92% 8.661 30,24% 18.159 26,57%RIZOSPASTIS 3.574 9,00% 3.058 10,68% 6.632 9,70%TRAFFIC NEWSPAPER 1.486 3,74% 1.326 4,63% 2.812 4,11%I AVGI 1.131 2,85% 419 1,46% 1.550 2,27%AKROPOLIS 400 1,01% 40 0,14% 440 0,64%I NIKI TIS DIMOKRATIAS 328 0,83% 27 0,09% 355 0,52%O LOGOS 311 0,78% 20 0,07% 331 0,48%TOTAL 39.706 100% 28.645 100% 68.351 100,00%

Average daily circulation in 2006

Average daily circulation in 2007

1818


Average Daily Circulation

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5.000

10.000

15.000

20.000

25.000

30.000

35.000

40.000

2007 2006 2007 2006 2007 2006

Athens - Pireaus Provinces Total of Greece

1919



Total of Greece %

TO VIMA 84.662 17,20% 114.702 17,32% 199.364 17,27%ELEFTHEROTYPIA 73.476 14,93% 100.033 15,11% 173.509 15,03%PROTO THEMA 81.515 16,56% 132.422 20,00% 213.937 18,53%KATHIMERINI 88.532 17,99% 88.308 13,33% 176.840 15,32%ETHNOS 60.614 12,32% 88.256 13,33% 148.870 12,90%TYPOS TIS KIRIAKIS 30.396 6,18% 49.922 7,54% 80.318 6,96%RIZOSPASTIS 9.933 2,02% 15.367 2,32% 25.300 2,19%OTHER SUNDAY NEWSP. 62.985 12,80% 73.225 11,06% 136.210 11,80%TOTAL 492.113 100% 662.235 100% 1.154.348 100,00%


Total of Greece %

TO VIMA 89.227 18,13% 118.348 18,07% 207.575 18,11%ELEFTHEROTYPIA 86.812 17,64% 118.833 18,15% 205.645 17,94%PROTO THEMA 86.017 17,48% 134.230 20,50% 220.247 19,21%KATHIMERINI 82.395 16,74% 83.325 12,72% 165.720 14,46%ETHNOS 59.469 12,08% 87.843 13,41% 147.312 12,85%TYPOS TIS KIRIAKIS 16.858 3,43% 26.702 4,08% 43.560 3,80%RIZOSPASTIS 10.104 2,05% 14.967 2,29% 25.071 2,19%OTHER SUNDAY NEWSP. 60.536 12,30% 70.652 10,79% 131.188 11,44%TOTAL 491.418 100% 654.900 100% 1.146.318 100,00%

Average Sunday Circulation in 2006

Average Sunday Circulation in 2007

2020

NEWSPAPER CIRCULATIONNEWSPAPER CIRCULATION Average Sunday Circulation

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KATH

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INI

KATH

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KATH

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KATH

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50.000

100.000

150.000

200.000

250.000

2007 2006 2007 2006 2007 2006

Athens - Pireaus Provinces Total of Greece

2121

INVESTMENTSINVESTMENTS

The company carries into effect an investment program amounting The company carries into effect an investment program amounting toto € 20€ 20..1 1 million,million, under the provisions of Law No under the provisions of Law No 32993299/2004, /2004, funded by the Greek State byfunded by the Greek State by 35%. 35%. This program mainly concerns the acquisition of a printing machiThis program mainly concerns the acquisition of a printing machinene,,which will improve the printing methods of the newspaper and wilwhich will improve the printing methods of the newspaper and will increase revenues from printing for third parties.l increase revenues from printing for third parties.It should be noted that the printing unit of the company, which It should be noted that the printing unit of the company, which is located in is located in KoropiKoropi, Athens and operates since 1998, , Athens and operates since 1998, prints newspapers, magazines and advertising publications for thprints newspapers, magazines and advertising publications for third parties. The company will have significant profits ird parties. The company will have significant profits from the exploitation of this printing time that is estimated atfrom the exploitation of this printing time that is estimated at 50% of the unit’s printing capabilities, which will improve its50% of the unit’s printing capabilities, which will improve itsfinancial figures. The remaining 50% covers printing needs of oufinancial figures. The remaining 50% covers printing needs of our own products.r own products.We present below a table with the course of the company’s profitWe present below a table with the course of the company’s profits regarding printing for third partiess regarding printing for third parties..

Profits from printing for third parties

6,85

18,46 19,42

21,48

15,2

13,9310,1

6,26

4,08

0

5

10

15

20

25

1999 2000 2001 2002 2003 2004 2005 2006 2007

Years

Amou

nts

in m

illio

n €

2222

GROUP BALANCE SHEETGROUP BALANCE SHEETASSETS 2007 % 2006Non-Current AssetsTangible Assets 103,29 17,35% 88,02

Intangible Assets 2,38 0,00% 2,38

Other Investments 0,74 27,59% 0,58

Deferred Tax Receivables 0,32 -15,79% 0,38

Other Long-term receivables 0,1 11,11% 0,09

Total 106,83 16,82% 91,45Current AssetsInventories 11,45 64,51% 6,96

Trade and Other Receivables 32,13 -10,00% 35,7

Other Receivables 1,43 -54,60% 3,15

Other Current Assets 1,21 28,72% 0,94

Cash at Hand and Cash Equivalent 51,18 -10,63% 57,27

Total 97,40 -6,36% 104,02Total Assets 204,23 4,48% 195,47

Equity 2007 % 2006Share Capital 10,2 0,00% 10,2

Share Premium 65,78 0,00% 65,78

Fair Value Reserves 22,95 29,37% 17,74

Other Reserves 5,26 7,57% 4,89

Reserves from conversion of balance sheet -25,23 60,91% -15,68

Results carried forward 66,73 4,86% 63,64

Equity attributable to parent's Shareholders 145,69 -0,60% 146,57Minority Rights 0,15 650,00% 0,02

Total Equity 145,84 -0,51% 146,59Long-term LiabilitiesLong-term Loan Liabilities 4,8 -26,61% 6,54

Deferred Tax Liabilities 4,28 14,75% 3,73

Liabilities for pension plans 4,66 8,37% 4,3

Other Long-term Liabilities 4,73 -6,89% 5,08

Long-term Provisions

Total Long-term Liabilities 18,47 -6,01% 19,65Short-term LiabilitiesTrade and other Liabilities 26,95 26,41% 21,32

Current Tax Laibilities 1,52 31,03% 1,16

Short-term Loan Liabilities 8,87 77,40% 5

Other short-term Liabilities 2,08 38,67% 1,5

Short-term Provisions 0,5 100,00% 0,25

Total short-term Liabilities 39,92 36,57% 29,23Total Liabilities 58,39 19,46% 48,88Total Equity and Liabilities 204,23 4,48% 195,47

2323

COMPANY BALANCE SHEETCOMPANY BALANCE SHEETASSETS 2007 % 2006Non-Current AssetsTangible Assets 52,34 40,21% 37,33 Intangible Assets 2,34 0,00% 2,34 Investments in Affiliated Companies 42,43 0,00% 42,43 Other Investments 0,60 0,00% 0,60 Other Long-term receivables 0,08 14,29% 0,07 Total 97,79 18,15% 82,77Current AssetsInventories 10,07 83,42% 5,49 Trade and Other Receivables 27,73 -11,86% 31,46 Other Receivables 6,49 33,26% 4,87 Other Current Assets 6,16 4,41% 5,90 Cash at Hand and Cash Equivalent 2,00 -77,78% 9,00 Total 52,45 -7,53% 56,72Total Assets 150,24 7,71% 139,49

2007 % 2006EquityShare Capital 10,20 0,00% 10,20 Share Premium 65,78 0,00% 65,78 Other Reserves 2,89 8,24% 2,67 Results carried forward 20,99 7,09% 19,60 Equity attributable to parent's Shareholders 99,86 1,64% 98,25Total Equity 99,86 1,64% 98,25Long-term LiabilitiesLong-term Loan Liabilities 4,80 -26,61% 6,54 Deferred Tax Liabilities 4,02 15,85% 3,47 Liabilities for pension plans 4,15 7,51% 3,86 Other Long-term Liabilities 4,70 -7,30% 5,07 Total Long-term Liabilities 17,67 -6,71% 18,94Short-term LiabilitiesTrade and other Liabilities 23,61 28,52% 18,37 Current Tax Laibilities 1,13 32,94% 0,85 Short-term Loan Liabilities 6,10 221,05% 1,90 Other short-term Liabilities 1,59 34,75% 1,18 Short-term Provisions 0,28 0,00 Total short-term Liabilities 32,71 46,68% 22,30Total Liabilities 50,38 22,16% 41,24Total Equity and Liabilities 150,24 7,71% 139,49

PRESENTATION OF FINANCIAL FIGURES FOR FISCAL YEAR 2007 · 2015. 3. 6. · KATHIMERINI S.A. –...

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Transcript of PRESENTATION OF FINANCIAL FIGURES FOR FISCAL YEAR 2007 · 2015. 3. 6. · KATHIMERINI S.A. –...